Post Utme Unilag 2021 Economics Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Unilag Economics examination.

Post Utme Unilag 2021 Economics Objective / Multiple Choice
Question 19 POST_UTME_UNILAG • 2021 • ECONOMICS • objective

A country's demand for a good is given by Qd = 100 - 2P, where Qd is demand and P is price. If the price increases from ₦10 to ₦15, what will be the percentage change in demand?

Answer Options

A. 20%
Correct Answer B. 30%
C. 40%
D. 50%
Correct Answer
B
Correct Option:
30%

About This Question

This is Post Utme Unilag 2021 Economics Question 19. It is one of the objective questions from the 2021 Post Utme Unilag Economics examination.

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